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: welcome everybody. i'm neil cavvto coming to you from beautiful los angeles california, tonight. the reason why we're here, a couple of things. we're focusing on the most taxed state in the country. in fact it got a little bit more so of at recent election. two propositions approved by voters. one calls for hike in taxes on so-called rich at 250,000 and over and another calls for hike in sales taxes that affects pretty much everyone. the argument went something like this. we cut pretty much all we could cut and we were still knee deep in a lot of messy stuff. so the only solution is to raise taxes and maybe get this economy moving. say what you will. california does seem to be showing the first seedlings of improvement. activity picking up here. home sales picking up here. retail sales picking up here. not dramatically. when a third of voters say things are getting better and they're more confident they will get better, well that might seem very anemic to you, it is double what it was a little more than a year ago. so progress in this western state where they seem to favor of la
on college e-mails he's wrong on this one and i will site the university of california. he went 3 and nine and less an half of the ftball players graduated from an elite institution . this is it a coach who harmed the reputation of one of the elite universities in the country. it is not only the tuitition price. but the value of the degree. >> emac you got to break the tie here. >> listen, i think that the college football program is great. how long can you squeeze students and continue to pay high college coach pay? how can you do that when basically the ddle class is getting squeezed and can't afford college tuition. pugh research saying 97 percent of the college grauds can't afford it mississippi state, he gets 2.5 million and a fifth of the population of the state is unemployed and in poverty. i don't know how you can do that and squeeze the middle class students. >> mike as you may had well know is the czar of forbes magazine if u cut the salaries of the coaches, will it increase or lower tuition. ni think john is right. it would increase it. but measure ceo performance look at kelley
one business block continues. voting for higher taxes. voters in california chooses to increase their own taxes over the threats from the governoro shorten the school year. we should make it shorter to save taxpayers money everywhere. i am cheryl casone. we have tracey and john and wapeand julian. and tracey. john, you say shorten the school year before raising taxes. what is the problem? >> you know me. i am all about the kids. i am all about the taxpayers, too. we know that public schools have been a failure and short of privatizing them, best thing to do cut them 25 percent. that would be a good start. not only help the kids but improve their education and help the taxpayers who wouldn't be forced to continue to participate in a failing system. >> tracey is all about the kids. yawn thon -- johnathon. >> watch out big bird. i can't believe we are talking about imposing on our children the gross mistakes the adults have made. the education system is not a total failure. there are definitely issues with it but the choice of putting a kid in the classroom or letting them in the s
baldwin is ringing the alarm bells, california, illinois, new york, ohio and seven others have more takers than makers and they are in a death spiral. that's his words. all right, to the powerball lottery. the prize is aahalf billion dollars, how do you feel about paying a 50% tax the moment you buy the ticket and if you win giving another third to the feds. still want to stand in line, your odds 1 in 175 million. the president or should we say campaigner in chief, he'll be on the road and the union campaigns, and the message no entitlement reform in any fiscal cliff deal. and more, ollie north on record gun sales, mike reagan on california and isaacs on warren buffett. here we go. "varney & company" is about to begin. looking for a better place to put your cash? here's one you may not he thght of -- fidelity. now you don't have to go a bank get the things you want from a bank, like no-fee atms all over the world. free checkwriting and mobile deposits. now depositing a check is easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your
the pro-post movement. be careful what you wish for, you might get it. california voters gave them a liberal supermajority in the state legislature the more taxes, more spending. here it comes. one of our resident californians will try to defend his hopeless state. e-mail us please. we're looking for it. varney at foxbusiness.com. send them in please. want to know what you think. friday morning, time for seven early movers. priceline buying rival kayak for $1.8 billion. kayak way up on that one. we've got groupon sees less money coming in. they call it revenue. we call it money coming in. dropped below three bucks a share. that is huge hit. the car rental company, zipcar expects to return to profits. the market kind of likes that. it is up 19%. scripps health care solution may sell itself. that stock is down. positive outlook from energizer and it's up. "hunger games", that gave lions gate entertainment nice profits boost in the stock. we have mining company, molycorp posted smaller than expected loss. molycorp is, up 4 1/2%. the president obama says you didn't build that. that was
that continue to do better. in states like california that are now threatened with exact same spending problems that we've seen in washington. stuart: travis brown, ma pleasure indeed, you're the first guest on the show and you called it for romney. you're on videotape. thank you very much. new at 10 we will get the latest poll from maris and rasmussen reports. it's a dead heat with the other polls with less than a day to go. at the top of the hour, a fresh look at the race with the very latest polls, fresh out of the box this morning. don't forget tomorrow there will be two servings of "varney & company," we will be on at our regular time. 9:20 a.m. eastern and then back tomorrow night for a "varney & company" special election edition, 5 p.m. eastern, please don't miss it, all-star lineup for you. back to the column, apple says it virtually sold out of the ipad mini, 3 million sold, really? >> here is the thing. 3 million ipads sold over three days, however, they're not breaking whether it was ipad mini or the original ipad or the ipad 3 or the 2 or whatever, okay? all we know 3 million ipads
employment, california and france would have the most vital economies in the world. i've been in a lot of different parts of the country speaking with sma business people and you know, my conference of course, drew millions. the exciting one that they couldn't get to get to. (laughter) the lecture how to keep your company below 49 employees and avoid obamacare, and i listened to the guy talk and the number one conclusion, hire less people and everybody else said, you know what? you're right. you can't layer on another layer and another layer and another layer to small business people. i not going to talk to the big guys and for the small business guys, look, that's my money, i'll just have two less people and make up the difference in profits, by the people working harder, that's how it works. >> stephan, we did see he a big selloff in wall street voted after the election and then the layoffs from a wide variety of industries. how do you read that? what does that mean for hiring? >> i've just always been suspicious of people who try to read too much into the stock market, it had a coup
imitates that money to spend it. the california. propositn 30 just passed. everybody thought they were voting to give money to schools. then they found out, it's not going to schools, it's going to the pensions come. the schools are not gettng a dime. they found out something else, its record -- retroactive to january 12012. tom: are you serious? did just passed a tax law that will go back to the beginning of the year? >> absolutely right. property is retroactive. the tax part of it is retroactive to january 1st 2012. the money generated from that goes to solidify the pesions of the teachers. it does not go to the schools at all. these are the games the democrats played day in, day out, wheeher it's california or waington d.c. tom: well, there have been some people lately that have been talking about one prominent publisher from weekly standard, bill kristol. they have been playing that over and over again. you know, after all i guess tea party people and everybody else and not too concerned about raising taxes on millionaires because half of them live in hollywood. are they goin to --
in inland california area where they've had big problems with people working in way overheated warehouses, equipment that's not safe. this is what this is about. they've got a problem there. >> what the unions are doing, and again, wal-mart is not unionized, but the unions want the workers to walk out, they're focusing on this extra work that they have to do on thanksgiving pay, for which, by the way, they're paid double time and get all sorts of bonuses. >> yeah. wal-mart is facing a number of protests across the country. not just for overtime. there has been a push to unionize wal-mart the real issue is that wal-mart hires a lot of people from the grocery industry where they actually get paid less, they get less in the way of health benefits, and that's why you saw pass mark and others go out of business because they were running their business models right, employees were worst served than wal-mart serves their own employees. i'm not advocating for wal-mart. it will be a pipe dream to unionize wal-mart because you have to do it from store to store. >> the point is that times are tough
it on "varney & company" and california voted overwhelmingly democratic and voters raised taxes on themselves. the head of the state's republican party is here to defend this. >> 2014 and 16 is going to be the bottom for the democrat we have eight of the ten worst foreclosure areas in the country and californians can't afford to bail out sacramento so when they turn this down, jerry brown is going to have to decide to cut back on government and keep in mind, he's grown government over the last two years if you can believe it so i think the democrats are headed to a very difficult state, especially after this tax increase is turned down. is wt drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at panasonic, wee driven to make what matters most better. just another way we're engineering a better world for you. i took my son fishing every year. we had a great sp, not easy to find, but worth it. b
with the biggest problems. number one, of course, california. we want to credit 247 wall street just naming california and the worst run state in all of the country. for a second year row. way to go. one of the reasons is the unemployment rate, a pretty impressive. 11%. the second highest rate in the country. 2006 and last year. more than a third. and 16 percent of the population in california, 16 percent of the population lives below the poverty line in the golden state. that's not all. forbes magazine, one of the worst spiral states. forbes came up with that great nomenclature. the death spiral state. named 11 of them. california right at the top. for every 100 private sector workers in california, for every hundred working in the private sector california has only 139 people dependent upon it for their employment, welfare in some fashion. so how are they doing that in california? obviously they're not. stay voters just passed a ballot initiative that will raise sales tax and income tax for people who make at least $250,000 per year. don't worry about it. by the way, that was after the ta
sort. this is a mute point in california right now. they had two different propositions, two, to raise taxes, not just on the upper income, but everybody. californians agreed to it, both measures, overwhelmingly. that state's former governor davis on the meaning of that for the nation after this. 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a diffence ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other netwos combined. neil: i was thinking if only former colorado governor had this wind at his back, californiaians voting to approve hiking taxes on themselveses, one on the wealthy, and another on all of us, what they approved there. governor, had you had this, you would have finished your term. >> i probably would have,
, -- well when we come back, talk about crazy times, only california, where things so bad, public said, go ahead screw to us the wall, taxes on armageddon, they approved not one attack proposition, to raise taxes on rich, they said, you know, while we're at it, why not just stick it to the rest of us in? this is why they are sawing off california as we speak, it will be a -- colon i am neil: i hope this is not a trend, in california, such a basket case, they just throw anything out there that floats, latest two different propositions and a number of other that call for hiking taxes on anything and everything, one targeted on wealthy. i think 225,000, and over and a separate proposition, why not tax everyone else. i am being simplistic, but in california, they run out of things to cut, so now they cut to the let's raise your taxes. we have a well-known developer, a key obama fundraiser joining us. i told don possible els he shoue obama team. good to have you back. neil: race turned out like you said. >> it did, president got reelectioned . >> despite your concern about attacking the rich, w
. this is a mute point in california right now. they had two different propositions, two, to raise taxes, not just on the upper income, but everybody. californians agreed to it, both measures, overwhelmingly. that state's former governor davis on the meaning of that for the nation after this. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everydyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] rig
bernardino, california. the bankrupt city, refuses to pay into pensions well, because it is broke. the results could send shockwaves across the country. get out while you still can. a new rert reveals 11 states are in a financial deatspiral. we'll tell you if you're living in one. what investors and businesses should do to avoid them at all costs. >>> the odds are 1 in 175 million? no problem. just hours to go until e $550 million powerball jackpot. we have the winning tips from someone who has beat the odds seven times. even when they say it's not, it's always about money melissa: got my powerball. let's take a look at the market headlines. call it mic to investors ears. stocks rallied big following word of progress in congre's fiscal cliff negotiations. yeah, i will believe it when i see it. after tumbling in early trading the dow rebounded more than 200 points, closing up 10 points. see what happens when congress stops screwing things up? i don't know. we'll see. >>> disney joining a wave of companies increasing their annual stock dividend. the company will raise the stock cash
the petraeus sex scandal investigation, but california democrats now threatening to subpoena the cia summary of traeus october 31 trip to libya where fox news has confirmed he personally interviewed the agents on the grnd. meanwhile new questions arise in almost daily including why was petraeus doing his own investigation if that was his true purpose of going to benghazi, and why has the fbi spen more time on the petraeus sexcandal than on benghazi itself? you recall the fbi investigators had less than a day in benghazi and left classified paperon the floor of the conflict when they left. those papers found by journalists three weeks after the fbi d been there. father of petraeus alleged mistress had this to say about the new york daily news about the sex scandal. this is about somethg else entirely, and the truth will come out. you wait and see, there is a lot more here than meets the eye. a lot more to a story involving the former top spy in america the time when the cia has been the center of a cover-up over the reasons why no help was given for american citizens who ultimately were kille
't get gro growth if you raise taxif rates. california and several other states, the top rate is approaching 50% effectively. fie they have as much incentive to fire somebody to lower costs is to hire somebody to increase revenues. lou: so we have a contemporaneous experiment going on.t it is a high-risk experiment, but nonetheless an experiment.ra in california, bringing tax levels above 50% in the nation getting ready to move higher.oio are we going to see california behave as the canary in the colh wind, if you will, when it comes to economic growth and theabili ability to support an ever-growing government? >> of go course, people are jusg fleeing california. t california is a microcosm of what happens to countries that raise their tax rates. entrepreneurs flee and welfarela recipients pour in, and you have an unsustainable state of affairs. that is california. silin unsustainable. meanwhile, they are destroying silicon valley. it is america's greatest asset., the source of all our technology and it is our potential for everth, and we are circling it over with a cast of g
.7% right now. a great day for sales force.com. stuart: got it. thank you very much. california continues to push the green agenda. a carbon credit auction sells out. the state forces automakers to build zero emission cars. and remember, the president obama he won california by 20 points. mike reagan got that right. listen to this. >> does president obama win california by 10 points or 15 points? >> 20. [laughter] stuart: there's still room in my house for you in new jersey. okay? >> see you on the 7th. [laughter] stuart: mike reagan joins the company at 10:35 this morning. is he ready to move to new jersey? we will ask him in a few minutes. >>> who or what are the biggest turkeys of the year? now, i don't like harsh or demeaning labels, but this year's award winners frankly deserve it. here's my take, my turkey list in no particular order. let's start with a country, france. it has elected a socialist president who slapped the rich with a 75% tax rate. then he lowered, lowered the retirement age. he lowered it. now france has been downgraded. elections do have consequences. then a turkey
to milk prices. but could we see the se thing happening in california? we're going to explain all of it coming up. "piles of money" coming right up. ♪ . ♪ . melissa: so big litmus test in the talk over wther the u.s. will be independent by 2020 is the keystone pipeline. will it happen not? now it is down to the wire. after revising the route to ease environmental concerns the final public hearing is set for next week. a lot hinges on the approval. joining me in fox business exclusive, transcanada president and ceo, russ girling. russ, thanks so much for coming on the show. what do you expect to happen at this hearing? >> this is a public comment period or public comment session for nebraskans. over the last year we've spent considerable time with the department of environmental quality deffning a new route. through that process we had a number of public engagement opportunities where we collected comments from nebraskans. that has been put out for public viewing and there will be a public, oral, hearing or comment period on december the fourth. we look forwar to hearing those
. gay marriage, california raising their own taxes. i cannot follow the measures so let's turn to "reason" magazine or the brains behind them, editor-in-chief maxwell each and matt3 legalizing marijuana recreational use. gay marriage, california raising their own taxes. i cannot follow the measures so let's turn to "reason" magazine or the brains behind them, editor-in-chief maxwell each and matt glesby. did for you know, when it? >> a little bit. look at opportunities americans had yesterday to vote in a libertarian and direction of. and with colorado and washington is a huge geo on a drug prohibition that is how it will end in this country like alcohol prohibition. john: alcohol prohibition was repealed by individual states before the federal government? >> one dozen states by the end of the period. john: new york was three years. 104 -- 10 years and forstmann was up to the fed. >> states lived in open defiance than the federal government cannot enforce it the fast majority is that the state level there are not enough agents to go to every colorado pot smoker. >> gapped the
money is spent? the once bankrupt city of ayaho, california decide to go let its taxpayers vote how to spend 30% of its budget. but victoria says this is a bad idea. this is a flip side. explain. >> i know. it's hard because truly we don't trust our politicians to do the right things 'cause they haven't done the right things in the past. however, i think that is their job. we should hold them accountable and there should be transparency. what we've seen in the state o california is really a grand experiment in voter democracy. it has failed we have the highest tax rates in the nation and yet our school funding is bottom of the barrel and our schools rank bottom in the nation. so this kind of -- it doesn't work. you have to have accountability somewhere and it should be in ou elected officials. >> rick used to live in calirnia. now he lives in new york. is it because of this, rick? >> actually no. it's because of you, david. [ laughter ] >> right. >> i actually agree with victoria on the point that voter democracy has not paid off very well in california. but this is a bit difference
of hiking income tax rates. states with a lot of tax write offs like california and new york would be hit hard. california money manager says the fiscal cliff face could lead to a lot more problems. i will explain. >> there are different ways to skin the cat. increased tax rates or eliminate loopholes, and if the democrats are going to go down the path to try and find ways to find revenue by increasing taxes or eliminating mortgage interest adoptions on states like california and new york, we both know that on both of these coats, real estate values seem to be the highest in the united states, so if we eliminate that, there will be money to pay to the government as a result. tom: this is becoming clear even before anybody knew who was going to win the election because mitt romney was talking about putting some sort of overall cap which would hurt people with the biggest deductions. and it looks like maybe that is the middle ground then they go for. >> and i think they will come to some middle ground. i think it'll be a temporary fix meaning i don't think this fiscal cliff will be a perman
in california right now. they had two different propositions, two, to raise taxes, not just on the uper income, but everybody. californians agreed to it, both measures, overwhelmingly. that state's former governor davis on the meaning of that for the nation after this. new pink lemonade 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. why? i thought jill was your soul mate. no, no it's her dad. the general's your soul mate? dude what? no, no, no. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page, your investments, quotes, research... it's like the buffet last night. whatever helps you understand man. i'm watching you. oh y
on to revenue of any sort. this is a mute point in california right now. they had two different proposositions, two, to raise taxes, not just on the upper income, but everybody. californians agreed to it, both measures, overwhelmingly. that state's former governor davis on the meaning of that for the nation after this. 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other networks combined. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lu
raise tax rates. and, california and several to the states, the top rate is approaching 50%, effectively with a 50% top rate. and, business has as much incentive to fire somebody, to lower costs, as to hire somebody to increase revenues. >> lou: we have a contemporaneous pareexperiment g on, in california bringing tax levels above 50%, the nation, right now, getting ready to move higher are we going to see california behave that's cas th in the coal mine, if you will when it comes to economic growth and the ability to support an ever-growing government. >> yes, people are fleeing california. california is a microcosm of what happens to countries that raise their tax rates. entrepreneurs flee and welfare recipients pour in and you get an unsustainable state of affairs, and that is california. unsustainable and meanwhile they are destroying silicon valley, which has been america's greatest asset. a source of all of our technology and our military power and potential for growth and we are sickling it over with a cast of green goo and everybody is angling for green subsidies and that is a tr
refineries in california were open in the midst of the gas shortages that were reported on the last few months. we have all of the standing details on this. piles of "money" coming up. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis sympto. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celeex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and 's not a narcotic. you and your doctor should balance the benets with theisks. all prescription nsaids, like celebrex, ibuprofen, naproxen, and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if you have heart disease risk
new evidence suggests refineries in california were open in the midst of the gas shortages that were reported on the last few months. we have all of the standing details on this. piles of "money" coming up. twins. i didn't see them coming. i have obligations. cute obligations, but oigatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the isharecore, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors chse ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and considerit carefuly before investing. risk includes possible loss of principal. melissa: three days to go until black friday. the holiday shopping season officially begins. analysts fear that consumers simply don't have cash to spend. a new report says the answer is clear. raise the minimum wage. and workers will have more money a huge boost to the economy. at think it will lead to more layoffs. here to disagree, vice-president of policy
the california state laws. we are talking about the union and so far. is is it a problem. njohnathon wayne mentioned the port of oaklandnd six percent of all u.s. goods. that is the union's point to cause disruption and hurt the economy. and i tell you, they have every right to strike but the employers have the rht to kick the ass to the curve. a job is a mutually agreeable trade. employers offering a job and if they don't like hit the brickings. >> do you think it is bador the economy over all. we are in a fiscal cliff and rough waters here and now this to deal with? >> i think it could be bad for the econy. they have the merchandise and this is not going to affect thanksgiving shopping season and christmas most likely. but look at history. 1948 we had five million workers on strike and it crippled the economy. the taft hartley act brought back the boom. that is it breaking of the unions and created the boom that eisenhower had. if these union heads go forward. this could hurt the economy. >> tracey, you made the point about the retailers, it could hurt the consumer spending as well the e
in california? we're going to explain all of it coming up. "piles of money" coming right up. ♪ . [ male announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consir an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance compan like all standardized medicare suppment plans, they cover some of what medicare doesn't p. and could save you in out-of-pocket medical costs. call today to request a free decision guide toelp you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions whhave already enrolled in the only
in california and workers at the port of los angeles and long beach. most of the terminals shut down and the biggest issue in the dispute is outsourcing, flexing their muscle from coast to coast. two stocks we've been hitting you with. zynga and research in motion. i'm going to look at zynga, does farmville and the popular words with friends. it's now taking another hit as facebook is now allowed to create and send its own games and users of zynga games will not be able to report their progress on the social networking site. that's a big deal. the stock is down 6%. and larry, at dinah link, he's with us. you've been defender of zynga if i'm not mistaken. >> yes, i have. >> are you going to change your tune this morning? >> no, i think it's a good move. there's too much self-reliance on both companies, now they're giving each other a little bit of breathing room. now, zynga is all about on-line gaming, gambling, that's what we're betting on. >> gambling. >> it's not words with friends, it's not farmville, no, it's on-line gambling. >> they are moving to mobile, but the on-line play is
sullivan here with me. you are a california kind of guyy but you were looking at the housing numbers, existing home sales up 2.1% october. 4.79 million. i'm saying there's some improvement here. tom: there is, but that's for the real estate industry. in other words, how many sales there are. and sales are not as strong as the prices, and the only reason for that is one out of three people in this country are still under water and stuart, they are not going to sell. they can't sell. they can't refinance. they can't do a lot of things and so i think that sales number is going to creep along until we get positive equity for more people. stuart: essentially, i'm grasping at straws here. tom: everybody is. everybody is jumping up and down about the real estate market recovering. i'm going, i don't think so. not when you have a third of this country under water. stuart: prices rather than sales volume? >> prices are up because the fact there are so few homes for sale, the ones that are for sale, demand is going to push those prices up. stuart: do you have anything to say about the real est
. california -- he is going to win. it will put barack obama over. he is going to pick up a couple of those other states as well. new york has already gotten in new jersey and i want to stress here that they are not officially written off yet. those are the states that barack obama almost by definition wins. therein lies the argument for mitt romney to counter that with an unnecessary win in florida and he has to pick up virginia. you know, you lose ohio and with the rest of the states that are not called for. you have to win them all. therein lies the difficult math. not impossible, but difficult. the republicans are not closing the deal on the senate. we are going to peter barnes. we could be looking at a mirror image of what we have seen already. the repeat image of the last four years. democratic president, democratic senate red republican house. if anyone expect them all to play together, may i introduce my 10-year-old boy and 9-year-old boy. i will leave it at that. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier high
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